With the recent bearish retest of the $8750 price levels, the $7350 is the first obvious support on the way down. This coincides with the 0.618 fib retracement level drawn from the previous bottom around $3300 to the top of end June around $14000. Though I don't think this level will hold, the price will definitely bounce from it to test $8000 again. $7350 could provide a good long opportunity (invalidated below $7000).
The ultimate long however will be around $6500. This level was key support after the crazy bull-run in 2017. The break down of this level lead us to $3300k. Now that we're clearly back above it, it should act as a strong support. Otherwise things won't look good for Bitcoin.
Note that it's not exactly $6500, consider the green box for a long, layer orders appropriately.
The yellow line drawn is a possible (and ideal scenario). It doesn't mean PA will exactly follow this. The yellow line is there to make support and resistances clear.
*THIS IS NO FINANCIAL ADVICE
The ultimate long however will be around $6500. This level was key support after the crazy bull-run in 2017. The break down of this level lead us to $3300k. Now that we're clearly back above it, it should act as a strong support. Otherwise things won't look good for Bitcoin.
Note that it's not exactly $6500, consider the green box for a long, layer orders appropriately.
The yellow line drawn is a possible (and ideal scenario). It doesn't mean PA will exactly follow this. The yellow line is there to make support and resistances clear.
*THIS IS NO FINANCIAL ADVICE